Prepare a depreciation schedule using the straight-line, Accounting Basics

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Prepare a depreciation schedule using the straight-line

Depreciati Ltd. purchased a truck for long-distance deliveries in Europe on Janu- ary 3, 20X7. The purchase consideration amounts to €100000. The truck is expected to have a salvage-value of €20000 at the end of its eight-year useful life.

Required:

(a) Prepare a depreciation schedule using the straight-line method.

(b) Prepare a depreciation schedule using the diminishing balance method.

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Accounting Basics: Prepare a depreciation schedule using the straight-line

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